Aberdeen Asset Management (AAM) has “re-aligned' its investment division following completion of its acquisition of Scottish Widows Investment Partnership (SWIP).

AAM Alternatives, previously part of Aberdeen Solutions, will now become a standalone unit and will continue to be lead by head of alternatives, Andrew McCaffery, who will head up alternatives globally, including hedge funds, private equity, infrastructure and property multi-manager.

Archie Struthers, previously managing director of Investment Solutions at SWIP, will now head up Aberdeen Solutions with responsibility for a wide range of investment strategies spanning multiple asset classes and risk profiles.

AAM has also created a new Quantitative Investments unit, with a focus on “market cap passive equity portfolios”, which will be headed up Sean Phayre, formerly director of Quantitative Investments at SWIP.

McCaffery, Struthers and Phayre will also become members of Aberdeen’s group management board.

Mandy Pike, Aberdeen’s Global Head of Dealing, has also joined the group management board.

AAM's three other investment businesses - active equities, fixed income and property – will continue to be led by Hugh Young, Brad Crombie and Pertti Vanhanen respectively.